NOT LISTED FOR SALE

304 S 5th St Patterson, CA 95363

Estimated Value: $415,319 - $417,000

3 Beds
3 Baths
1,686 Sq Ft
$247/Sq Ft Est. Value

Last Sold September 03, 2019

Last sale price $305,000 $181 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,538/month

68 Days on Market

Highlights

  • No HOA
  • Satellite Dish
  • 1-Story Property

About This Home

As of September 2019

Triplex for Sale in Patterson, rents are below market. Great residual income opportunity.

Last Agent to Sell the Property

Armando Magana

CV and Associates License #01376533 Listed on: 05/14/2019

Co-Listed By

Hector Villafan

HomeSmart PV & Associates License #01993960

Last Buyer's Agent

Armando Magana

CV and Associates License #01376533 Listed on: 05/14/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,967

Year Built

  • Built in 1949

Lot Details

  • 7,501 Sq Ft Lot

Parking

  • 1 Parking Space Included

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Gas Cooktop

Utilities

  • Wall Furnace
  • 220 Volts
  • Satellite Dish

Listing and Financial Details

  • Security Deposit $950
  • Tenant pays for electricity gas sewer trash collection water
  • Assessor Parcel Number 131-016-061-000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Insurance Expense $1,124
  • Operating Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,967

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Triplex
  • Year Built: 1949
  • Stories: 1
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number of Three Bedroom Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Cook Top
  • Flooring: Carpet,Laminate,Wood,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Natural Hazard Disclosure Available,Rental/Lease Agmts
  • Listing Price: 354950.00
  • Roof: Composition

Garage/Parking

  • Parking Features: 1 Space Per Unit

Utilities

  • Utilities: Dish Antenna
  • Cooling: None,See Remarks
  • Electric: 220 Volts
  • Heating: Wall Furnace
  • Utilities Expenses: 1200

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Patterson Joint

Lot Info

  • Zoning Description: Downtown Residential
  • Lot Size Acres: 0.1722
  • Lot Size Sq Ft: 7501

Rental Info

  • Tenant Pays: Electricity,Gas,Sewer,Trash Collection,Water
  • Total Deposit: 950

Multi Family

  • Gross Income: 25800
  • Operating Expense: 1200
  • Income Includes: See Remarks
  • Insurance Expense: 1124
  • Number of Leased Units: 3
  • Number of Units: 3
  • Units Furnished: None
  • Gross Income Multiplier: 6.200

Tax Info

  • Assessor Parcel Number: 131-016-061-000
  • Current RE Taxes: 1967
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2022
Sold by
Santillan Gonzalez Revocable Trust
Bought by
Santillan Properties Llc
Current Estimated Value
$416,160

Purchase Details

Listed on
May 14, 2019
Closed on
Aug 29, 2019
Sold by
Covarrubias Jesus and Covarrubias Maricela
Bought by
Santillan Gonzalez Misael
Seller's Agent
Armando Magana
CV and Associates
Buyer's Agent
Armando Magana
CV and Associates
List Price
$354,950
Sold Price
$305,000
Premium/Discount to List
-$49,950
-14.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.23%
Original Mortgage
$299,475
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 27, 2004
Sold by
Westside Property Management
Bought by
Covarrubias Jesus Atila and Covarrubias Maricela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,960
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 12, 1999
Sold by
Buehner Kenneth A and Buehner Larry K
Bought by
Westside Property Management

Purchase Details

Closed on
Jan 22, 1996
Sold by
Buehner Lawrence H and Buehner Ardus B
Bought by
Buehner Kenneth A and Buehner Larry K
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Santillan Properties Llc -- None Listed On Document
Santillan Gonzalez Misael $305,000 First American Title Company
Covarrubias Jesus Atila $144,000 Chicago Title
Westside Property Management -- --
Buehner Kenneth A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Santillan Gonzalez Misael $299,475
Previous Owner Covarrubias Jesus Atila $114,960
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2019 09/03/19 Sold $305,000 -14.1% $181 / Sq Ft
07/21/2019 07/21/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $354,950 -- $211 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,875 $327,018 $48,248 $278,770
2023 $3,788 $320,606 $47,302 $273,304
2022 $3,571 $314,321 $46,375 $267,946
2021 $3,542 $308,159 $45,466 $262,693
2020 $3,523 $305,000 $45,000 $260,000
2019 $2,109 $179,927 $106,208 $73,719
2018 $2,008 $176,400 $104,126 $72,274
2017 $1,967 $172,942 $102,085 $70,857
2016 $1,914 $169,552 $100,084 $69,468
2015 $1,885 $167,006 $98,581 $68,425
2014 $1,692 $150,000 $62,500 $87,500
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Armando Magana

    CV and Associates

    Section Image
  • Hector Villafan

    Seller Co-Listing Agent in 2019

    Hector Villafan

    HomeSmart PV & Associates

    (510) 244-3998

    45 Total Sales

    Hector Villafan
    Section Image
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Map

Source: MetroList

MLS Number: 19032545

MetroList

APN: 131-16-61

California Stanislaus County Patterson 95363

304 S 5th St, Patterson, CA

This home is located at 304 S 5th St, Patterson, CA 95363 since 14 May 2019 and is currently estimated at $416,160, approximately $246 per square foot. This property was built in 1949. 304 S 5th St is a home located in Stanislaus County with nearby schools including Las Palmas Elementary School, Creekside Middle School, and Patterson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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